Investigate, analyze and solves problems involving simple and compound interests and simpleand general annuities using appropriate business and financial instruments.ce Tas KFinds the future value and present value of both simple and general annuities.MELC: The learner will be able to:Solves problems involving simple and compound interest.Solves problems involving business and consumer loans (amortization, nmongagerDirection: Solve problems involving simple and compound interest, business and consumer loans anafind the future value and present value of both simple and general annuities. Write your anSwer on enespace provided after each question.1, To buy the school supplies for the coming school year, you get a summer job at a resort.Suppose you save P4 200.00 of your salary and deposit it into an account that earns simpleinterest. After 9 months, the balance is P4 263.00. What is the annual interest rate?

Given that to buy the school supplies for the coming year, you get a summer job at a resort. And you…

Answered: 1. To buy the school supplies for the…

Advanced Engineering Mathematics

10th Edition

ISBN:9780470458365

Author:Erwin Kreyszig

Publisher:Erwin Kreyszig

Chapter2: Second-order Linear Odes

Section: Chapter Questions

Problem 1RQ

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Suppose you'd like to save enough money to pay cash for your next car. The goal is to save an extra $21,000 over the next 3 years. What amount must be deposited quarterly into an account that earns 5.4% interest in order to reach your goal? Round your answer to the nearest cent, if necessary.
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1. To buy the school supplies for the coming school year, you get a summer job at a resort. Suppose you save P4 200.00 of your salary and deposit it into an account that earns simple interest. After 9 months, the balance is P4 263.00. What is the annual interest rate?